The German Stock Market has been a quality leader in both directions the past few years. Below looks at why you may want to keep a close eye on this global stock index to see if it can hop over a important breakout level.
Like the S&P 500 and many stock indices in the states, the DAX has been inside a uniform rising 6-year channel since the 2009 lows.
Over the past year, DAX has created a series of lower highs along line (2).
The “risk-on” trade in the states wants/needs the DAX to breakout above resistance for U.S. stock indices to keep moving higher.
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